U.S. stocks swung violently on Thursday, at one point paring most of their gains, only to rebound in the final hour and end the session with solid gains. The main indexes managed to close higher for the second-straight session. Thursday rally was attributed to optimism over China’s growth following a rebound in the country’s stock market and upbeat data on U.S. gross domestic product. The Dow Jones Industrial Average gained 369.46 points, or 2.3%, to 16,654.97, with all 30 members of the blue-chip index finishing higher. The S&P 500 closed 47.18 points, or 2.4% higher at 1,987.69. The Nasdaq Composite ended the day up 115.17 points, or 2.5% at 4,812.71.
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From:: Stock Market News